GBPUSD After bullish forms a boss with a bullish minor break, there is a correction and today the price of breakouts is seen from the trendline, there is a high possibility that the price will be bullish this week with the analysis limit that the price does not fall back to the invalid area
During this week, the GBPUSD managed to overcome two bearish obstacles - a trendline and CHoCH formation. This strengthens the analysis that in the medium term, the GBPUSD trend has shifted to being bullish. The initial target for this trend is the SND area, which also intersects with the trendline (marked in red).
The GBPUSD price movement is similar to EURUSD. When the main trend is bearish, any bullish activity is part of the correction.
I see that there is a possibility of a bullish minor for GBPUSD. Where at this time the price is seen responding positively in the support area, like my analysis last week and seeing the condition today where the candles formed tend to be less volume, then there is a possibility for reversal. If you want to do Long, you can at a small risk below 20pips.
The analysis for GBPUSD remains consistent with last week's report. Prices are moving towards the target marked in red, but I do not recommend going long at this time. It's best to wait until the price is in the area I have described. We will react accordingly to what the market does when prices are in that area. Congratulations to those who have followed my...
GBPUSD analysis still continued the analysis that I shared last week. The price is still seen bearish with the target in the red line area as a pretty strong support. With the movement of Dxy is still bullish, the correlation between analysis is still very strong.
From the perspective of the market structure analysis that occurs to this day, I still see GBPUSD in the bearish structure. Where after the last boss occurs, the price is still unable to bullish more than the highest peak. Valid analysis as long as prices do not rise more than invalid areas. If you see from the existing Fibo Retracement, the price has been retrace...
continuing last week's analysis, where the price could not increase more than the invalid area. the price is back down to continue the bearish trend. the farthest target is still on the red line below.
There is a high possibility that the price will be bearish. This can be seen in the price response when responding positively to the trendline area, where the trendline is an opposition that is strong enough. Below is seen a liquidity area. Usually, the liquidity area will be responded to positively, and the price drops deeper than that area.
Based on my analysis, it seems probable that the price of retest area SND will continue to trend bearish this week. This is because there is currently no dominant Bullish candle in sight.
GBPUSD went according to the past analysis. At present the price seems to have penetrated the SND area and also approaching the trendline. There are 2 scenarios that are likely to occur. Prices can be directly bearish or the price of bullish correction again and approaching HH before finally going back down. Adjust your transaction to the analysis that you might...
After the price responds positively to the SND area, there is a limited bullish correction and the price is back down to form a new LL. The biggest possibility of prices will continue the trend bearish up to the price range of 1,24000
at this time, if you look at some of the existing parameters, the price is in the SnD area and approaching the bullish trendline area. we better wait to see what will happen next week. 2 scenarios exist where the bulls are back in control or the bears are continuing the trend. better to wait for some confirmation that could happen.
Currently the price corrected from its bullish trend after touching fibo 1.618. if we pull the fibo retracement and we look for the SnD area which is adjacent to the fibo notation, we can find that there is a possibility that the price will go to the 0.382 fibo area which is also the same area as the SnD.
GBPUSD is still in accordance with the last analysis. the trend looks bullish. now the price has reached fibo expansion 1. the length of wave 5 is the same as wave 3. if the price today can form a new HH, then there is a high probability that the price will form a bullish continuation again.
there is a possibility that wave 4 is over, prices could return to bullish in the near future. seeing a fairly thick bullish candle, in the last 2 days, could be an early indicator of a bullish moment.
price is currently at strong support, D1 support and SnD H4. there is also a bullish rejection candle. however there is no sign of bearish weakness yet. there is still a possibility of prices heading to the 0.382 fibo area where the area is also the SR Flip area.
the price at the close of the week was in the daily SnD area and right on the SR Flip. if you look at the pattern that occurred, it could be a diamond pattern. it is likely that the price will rise again with the invalid area limit below